UniCredit strategist Thomas Strobel has highlighted concerns over Bitcoin's recent decline, attributing it to weak market sentiment and macroeconomic pressures. Despite reduced policy risks due to easing US regulatory uncertainty, UniCredit maintains a neutral stance, valuing Bitcoin at approximately $75,000. Strobel warns that a drop below $50,000 could indicate a deeper structural shift in the market. For Bitcoin to recover, Strobel emphasizes the need for improved market sentiment, increased ETF inflows, and enhanced liquidity. The bank's analysis suggests that these factors are crucial for stabilizing Bitcoin's price and preventing further declines.